Big Data Statistics Analysis of Computer Intelligence and Machine Learning Technology

In the recent technological world, Computer technology and internet technology plays a vital role. These technologies are deployed in many industries. In this research, we are going to study the correlation between the complexities of financial reporting and the value of economic statistics in the context of Computer intelligence and information technology. Financial reporting is referred to as an accounting practice that involves processes like documentation & communication of financial activities. The performance over time of the companies is derived from the financial report. Financial reports provide vital information about the company’s financial status and it also helps the company in decision making. Balance sheets, income statements, statements on shareholder equity, cash flow statements, are some of the types of financial reports. It facilitates tracking the cash flow, analyzing shareholder equity, evaluating the assets and liabilities, checking the profitability etc. Economic statistics are referred to us as the branch of applied statistics that deals with the collection and processing of economic data. It also compiles and analyzes the economic data. Financial reports check the money flow for businesses. Economic Statistics checks the larger trends that decide the money & resources flow. Even though, both help in making financial decisions there is some complexity between the two correlated fields. With the help of computer intelligence and internet technology, the complexity is reduced considerably.